everyday banking | fixed deposit account | features
 
in mauritian rupee  |  in foreign Currency
[in mauritian rupee]
  • minimum deposit to open an account: Rs 50000

  • interest paid monthly, quarterly, annually or at maturity

  • interest paid through the credit to savings or current account, credit to a third party account

  • Deposits uplifted before maturity:
    if within 3 months of date of deposit, interest is forfeited
    if after 3 months of date of deposit, interest will be paid at 1% per annum less than the appropriate rate applicable at the time the deposit was made and for the period elapsed

  • handy as security for a loan facility

Time Period:
 12 months,  24 months, 36 months,
48 months, 60 months

N.B. fixed deposits generally yield more profitable rates of interest than the Savings Bank rate

[in foreign Currency]
 accounts may be operated in the following main foreign currencies:

[gbp]

great britain pound sterling

[usd]

united states dollar

[eur]

european monetary unit (euro)

[chf]

swiss franc

[aud]

australian dollar

[zar]

south african rand
  • interest paid at maturity

  • handy as security for a loan facility

minimum deposit to open an account
gbp usd eur aud zar

5000 5000 5000 10000 50000
* please note that the interest rates will vary from time to time according to fluctuations on the International Money Market

Time Period:
 7 days, 1 to 12 months, 12 months

N.B. once a foreign currency fixed deposit is opened, we recommend that it is coupled with a foreign currency account, into which interest is earned on the deposit may be credited at maturity




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